Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
The former VeriSign business will be merged with Melbourne IT's existing corporate brand services division to form what the company claims will be "the global number on digital brand services company."
Melbourne IT CEO and managing director Theo Hnarakis said "Our combined Digital Brand Services division is expected to manage brands for over 2,500 corporations, and provide global coverage for our clients with local service via more than 200 staff across 14 offices in the Americas, Europe, and the Asia Pacific region."
The purchase is being funded with a line of credit with the National Australia Bank. The acquisition is expected to have a neutral effect on Melbourne IT's results for 2008, and that it will increase earnings per share during 2009.
"The sale of VeriSign's DBMS business is part of a strategic effort to focus on our core strengths in Internet infrastructure," said Russell Lewis, senior vice president, strategic development, VeriSign. "We believe that Melbourne IT is a great fit for DBMS customers and employees."
According to VeriSign, "Digital Brand Management includes everything from organizing, consolidating digital assets to using them to actively promote the business and increase revenues" where "Digital assets include domain names, logos, proprietary content and images online."
Following the announcement, Melbourne IT's share price rose from $A3.00 to $A3.10 at 12.10pm.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
How to Make Business Discovery Work for Your Business
Business Discovery takes its cues from consumer apps. Like Google, it encourages us- ers to hunt for and explore data without worrying about or even noticing the underly- ing technology. Their entire experience is working within an intuitive interface to get real-time, self-service results with only minimal training. ...more
Try an easy-to-use set of web-enabled
tools for business-class productivity services. Office 365 provides
anywhere-access to email, important documents, contacts, and calendars
on almost any device.
Latest Headlines from IT INDUSTRY
